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The management report will also contain a discussion of any financial reporting, internal control, and compliance -related findings; an analysis of the City's financial condition; recommendations to managemen t on improving its accounting system and financial reports; and updates on any prior year audt issues. We understand that you will provide us with the basic informaflon required for our audit and that you are responsible for the accuracy and completeness of that information. The assistance to be supplied by your personnel, including the prepo�tionofschedules, analysis ofaccounts, prepa�tionofoon�nnotiona,and locating documentation for transactions selected for testing, will bediscussed and coordinated with you. We understand that the auditor will be responsible for preparing the initial draft of the City's Annual Financial Report; well amaaediting'phnting'andbinding.priortoinouanoeofthe final audit reports, we shall review the management neport, internal control \ettens, and any other required state or federal compliance reports with the City's management. If our audit procedures indicate that material errona, illegal acts, or other irregularities might exiet, we will make onimmedi�� vvh�enrepo�tothe C\h/amanagement, and/or other city o�oio|aomappropriate. VVe vvU|not pe�omn---extended services sdacost tothe City unless they are soauthorized bythe appropriate city officials. Unless unforeseen circumstances occur (such as turnover of key city finance personnel), we anticipate no difficulty in meeting the time requirements for completion of the work described above as set forth in the City's Request for Proposal for Professional Auditing Services. We believe we are besqualified to perform the engagemenfor the following reasons: • Our wealth of experience providing euditing, e000unting, and consulting services to Minnesota municipalities with similar operations. � Our proficiency performing numerous Single Audits of Federal Awards Programs for Minnesota local governmental entities. = Our thorough and efficient audit process, which emphasizes effective client communications and limited disruptions to client operations. = Experience with and expert knowledge of governmental financial reporting, including the standards of the Governmental Accounting Standards Board (GASB); and the requirements of the Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting Program. • Experience with Minnesota city public finance and various municipal enterprise operations, including, water, sewer, storm sewer, and a variety of other operations. • Experience with growing metropolitan munioipo|itiee, including those with significant development. � Ability to communicate and work with you. To help with your evaluation, the following is a "Summary of Key Qualifications" for quick reference. Please refer to other sections of our proposal for more detailed information.